While Apple's success with its mobile iOS platform is credited with invoking the proliferation of HTML5 video at the expense of Adobe's Flash, it's also causing a major shift in strategy for Microsoft's Silverlight.

Apple has released a new beta for its forthcoming Mac OS X 10.6.5 update, while an EU court ruling may block 'copying levies' placed on iPods and iPhones. Also, News Corp. is putting its plans for an iPad-specific digital newsstand on hold, a new report claims.

In an effort not to discourage Mac users from adopting one of its new Windows Phone 7 handsets, Microsoft will reportedly deploy later this a year the first version of its Zune media software targeted at Apple users.

British investment bank Barclays Capital on Tuesday raised its price target on shares of Apple by more than 10% to $385 per share, citing strength in all four of the company's core product segments and expectations it will build a network of 150 million FaceTime-enabled devices over the next two years.

While a new wave of smart phones are believed to be chipping away at Apple's share of the portal media player market amongst high schoolers, interest in the company's iPhone among that same teenage demographic is up sharply since the launch of the iPhone 4 to a new all-time high.